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the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, sol
the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of...
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remember, if you're a debt holder and you're holding u.s. debt and we default, i mean, imagine what that -- what kind of message that sends. what it does to interest rates. in my view fooling around with the debt ceiling is worse than the fiscal cliff. so you're sort of trading one monster for another. i think it would be, again, absolutely nuts to go there. >> peter, what do you think? >> oh, i don't agree. i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. >> not necessarily. >> it would have a very negative effect on the economy. according to the legislation they would, jared. >> they would not. >> jared, you have to -- >> let me make a point. the treasury secretary can decide if he or she believes a deal sl imminent not to adjust withholding tables. very important. >> i'm talking about no deal and we go off the cliff. >> we go off and stay off. >> it's $400 billion. we have a lot of things to do with regard to our debt ceiling, and my feeling is no one really believes the un
remember, if you're a debt holder and you're holding u.s. debt and we default, i mean, imagine what that -- what kind of message that sends. what it does to interest rates. in my view fooling around with the debt ceiling is worse than the fiscal cliff. so you're sort of trading one monster for another. i think it would be, again, absolutely nuts to go there. >> peter, what do you think? >> oh, i don't agree. i think that the fiscal cliff and it is a cliff, on january 1 withholding...
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the u.s. does not have that problem. the best and brightest still want to come work on the space program, either for nasa or other companies. other countries have a more serious problem. i've seen in russia, for example, they can't get people to come work in the space program. so in terms of where we're heading, compared to other countries, we need to stay on a direction and need to have resolve to keep political support behind it and remind the public once in a while that we are moving towards new goals, as you see with the pictures that you showed. >> yeah, those pictures are pretty awesome. james oberg, always great to see you. have a great weekend. >> thanks, chris. >>> that wraps up this hour of "jansing & co." thomas roberts is up next. when c to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! in that time there've been some good days. and
the u.s. does not have that problem. the best and brightest still want to come work on the space program, either for nasa or other companies. other countries have a more serious problem. i've seen in russia, for example, they can't get people to come work in the space program. so in terms of where we're heading, compared to other countries, we need to stay on a direction and need to have resolve to keep political support behind it and remind the public once in a while that we are moving towards...
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the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives have a bill that would extend the middle class tax cuts right away that has passed the senate that they could take up next week when we come back. they could have already taken it up. we have a lot of time, and the republicans refuse to give certainty to the middle class. the president said he'd seen this bill right away, and then the rest of the issues we need to sort out we can hash out over the next few weeks before we reach december 31st. >> issues like entitlement reform? >> well, issues like making
the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly...
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interfere. >> if the u.s. signs a treaty, they're responsible for living up to that treaty and can enforce that treaty. what you're basically saying is why don't we sign the treaty and we'll just ignore it and hope other countries live up to it. >> he doesn't have an answer, chris. >> that's the answer. let me ask you this, why don't we do this -- >> i want to do him a favor. i want to endorse rick santorum for the republican nomination in 2016. >> i think you've been very clever there, john, to say some people think. do you think it? >> i think -- >> do you fear u.n. helicopters coming into our country? >> it makes me very nervous when we take countries that have no beliefs in civil liberties, countries who are terrible on human rights, and we say we're going to put you in charge of decisions -- >> that's not what it does. it forces them to live up to standards that we believe in. >> no, it doesn't. where does it say in there the other countries will live up to our standards? >> that's what the treaty does. i
interfere. >> if the u.s. signs a treaty, they're responsible for living up to that treaty and can enforce that treaty. what you're basically saying is why don't we sign the treaty and we'll just ignore it and hope other countries live up to it. >> he doesn't have an answer, chris. >> that's the answer. let me ask you this, why don't we do this -- >> i want to do him a favor. i want to endorse rick santorum for the republican nomination in 2016. >> i think you've...
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. >>> in the costliest presidential election in u.s. history, the 2012 race saw not one but $2 billion spent. president obama and mitt romney each raised over a billion dollars a piece and that's just the campaigns and party committees. the obama camp raised $1.123 billion while the romney camp spent $1.019 billion just behind them. when you add in the spending by the super pacs, those numbers go way up. we'll be right back. ameriprisel was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pa
. >>> in the costliest presidential election in u.s. history, the 2012 race saw not one but $2 billion spent. president obama and mitt romney each raised over a billion dollars a piece and that's just the campaigns and party committees. the obama camp raised $1.123 billion while the romney camp spent $1.019 billion just behind them. when you add in the spending by the super pacs, those numbers go way up. we'll be right back. ameriprisel was founded back in 1894, they've been committed...
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secretary of state hillary clinton says that the u.s. stands by the syrian people and not president assad. >> the united states stands with the syrian people in insisting that any transition process result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> meanwhile, senator john mccain has said that the u.s. needs to take action. >> we do know absolutely that these weapons have been readied for use by bashar assad's aircraft. we urge the president of the united states to make whatever military preparations are necessary. >> joining me now, joel ruben. thank you for joining me. have they already crossed the red line that the president put out for intervention? should the u.s. intervene, as senator mccain is asking for? >> the situation in syria is something we've never seen before. we have a country collapsing and this country has significant weapons of mass destruction. syria has not signed a chemical weapons convention. they have not, however, moved to use thes
secretary of state hillary clinton says that the u.s. stands by the syrian people and not president assad. >> the united states stands with the syrian people in insisting that any transition process result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> meanwhile, senator john mccain has said that the u.s. needs to take action. >> we do know absolutely that these weapons have been readied for use by...
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that could be a major concern for the u.s. and international community if these weapons fall into some of these rebels' hands. mika? >> ayman mohyeldin live in cairo, thank you. >>> as wall street always lets us now why you're awake -- >> wall street? >> i kind of thought we were going to business. >> well, actually, we had it up there. t.j. was talking in my ear, says he's got a question for you. >> oh, great. >> he'll ask during the break. >> oh, god. purple, purple. >> as always, we want to know why are you awake? shoot us an e-mail or tweet us. we're going to be reading the best responses later in the show. unfortunately, by that time, hr will be here and we will have already dragged t.j. out. >>> still ahead on "way too early," peyton manning, this guy's on fire! the denver broncos as well. they looked like super bowl contenders, and last night they went for their eighth straight win taking on the oakland raiders. we've got highlights from "thursday night football," straight ahead in sports. >>> and governor chris christi
that could be a major concern for the u.s. and international community if these weapons fall into some of these rebels' hands. mika? >> ayman mohyeldin live in cairo, thank you. >>> as wall street always lets us now why you're awake -- >> wall street? >> i kind of thought we were going to business. >> well, actually, we had it up there. t.j. was talking in my ear, says he's got a question for you. >> oh, great. >> he'll ask during the break. >>...
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during the cold war, the u.s. had a doomsday plan meant to protect the president and ensure the continued functions of the u.s. government. in the event of a nuclear attack. so nuclear attack, your doomsday h happens then you've got your doomsday plan to try to survive it. in 2005, congress passed another doomsday plan meant to ensure the house could function in the aftermath of a terrorist attack that killed or incapacitated most of its members. the rule they passed in the house states that under, "catastrophic circumstances a form would not require 218 congressmen as it does now. rather the house could operate with whoever happened to be around. so, again, you have a terrorist attack, your doomsday scenario, then there's this plan to help you survive it. that is what a doomsday plan usually is. this week, washington is really into another so-called doomsday plan. but it's a weird kind of doomsday plan. it's not a plan meant to save the country in the event of doomsday. it is a plan meant to create a doomsday sce
during the cold war, the u.s. had a doomsday plan meant to protect the president and ensure the continued functions of the u.s. government. in the event of a nuclear attack. so nuclear attack, your doomsday h happens then you've got your doomsday plan to try to survive it. in 2005, congress passed another doomsday plan meant to ensure the house could function in the aftermath of a terrorist attack that killed or incapacitated most of its members. the rule they passed in the house states that...
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...in those fun little biscuits. >>> the international energy agency predicts that the u.s. could overtake saudi arabia and russia as the world's largest oil producer by 2020. much of the current energy boom comes from the increasing use of a process known as hydraulic fracturing or more common name fracking. in which oil and natural gas are extracted by shooting huge quantities of water, sand and chemicals into the ground at high speed to break up shale rock formations. in his state of the union address in january president obama haled the economic benefits warning of potential safety risks. >> we have a supply of natural gas that can last america nearly 100 years. [ applause ] and my administration will take every possible action to safely develop this energy. >> although burning natural gas releases only half as much carbon emissions as coal or petroleum many remain concerned about fracking harmful effects on the water supply, air equality and live stock. the cause has found a number of prominent spokes people. >> people understand that fracking is not safe and no matter
...in those fun little biscuits. >>> the international energy agency predicts that the u.s. could overtake saudi arabia and russia as the world's largest oil producer by 2020. much of the current energy boom comes from the increasing use of a process known as hydraulic fracturing or more common name fracking. in which oil and natural gas are extracted by shooting huge quantities of water, sand and chemicals into the ground at high speed to break up shale rock formations. in his state...
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she's the first african-american woman ever to win a gold medal in the olympics and also the first u.s. gymnast ever to receive the individual all-around gold and team gold medals. but her path to superstardom wasn't always smooth. she's had to deal with homelessen, racism, and bullying while fighting to achieve her dream. now she shares her incredible dream in a book entitled "grace, gold & glory." it's a pleasure to welcome gabrielle and her mother to "politicsnation." >> thank you for having us. >> you know you won all of the world's hearts four months ago. i want to ask you, what was going through your head when you won that night. everyone was watching but what were you thinking about? >> i was thinking about all of the sacrifices me and my family put into this and it was all worth it just overcoming injuries and being homeless at one point and all of the struggles that we faced. i was thinking it was so worth it and the glory goes up to god because he has given me this amazing talent to represent him and at the same time, too, so a lot of emotions were going -- i was happy, i was
she's the first african-american woman ever to win a gold medal in the olympics and also the first u.s. gymnast ever to receive the individual all-around gold and team gold medals. but her path to superstardom wasn't always smooth. she's had to deal with homelessen, racism, and bullying while fighting to achieve her dream. now she shares her incredible dream in a book entitled "grace, gold & glory." it's a pleasure to welcome gabrielle and her mother to "politicsnation."...
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seems some u.s. officials russia is hedging its bets or beginning to see a future without assad. >> i think that's the case. we've talked about this before, but there is a russian card to be played, to be played by russia itself. they have influence with president assad, they have interests in syria, and i think that they can see the handwriting on the wall that assad is eventually going to go, whether it's in the near term, long term, eventually he's going. you can see the shift in momentum as far as the rebels now starting to gain much greater military success than they have in the past. they've been weapons that have been able to take some helicopters out of the air, shoulder-fired missiles, et cetera. i think they can see the shift taking place and want to be in a position to help negotiate some sort of an acceptable ending to this where they can play the role of a peacemaker. so i think not with standing their hedging or appearing to hedge their bets this ink that ir' going to play a positive ro
seems some u.s. officials russia is hedging its bets or beginning to see a future without assad. >> i think that's the case. we've talked about this before, but there is a russian card to be played, to be played by russia itself. they have influence with president assad, they have interests in syria, and i think that they can see the handwriting on the wall that assad is eventually going to go, whether it's in the near term, long term, eventually he's going. you can see the shift in...
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for decades, u.s. trade policy has rewarded companies like bain capital for gutting the nation's manufacturing core. republicans have cleared the way for companies to make massive profits by using cheaper labor in china. china's also got middle managers to run the factories. chinese workers have been trained in skilled positions for decades. those same skilled positions have nearly vanished here in the united states. and chinese labor is the reason apple can afford to train americans and pay american wages right now. look at this apple's net income. $41.7 billion over the last 4 quarters. that ain't bad. in fact, that's almost $7 billion more than the next six companies combined. microsoft, ebay, google, yahoo! facebook, and amazon. they can't keep up. cheap chinese labor helped apple make almost $50 billion in the next fiscal quarter, alone. those profits allow apple to finally do the right thing. they're going to hire more americans. the ceo says he feels the company has a responsibility to create jo
for decades, u.s. trade policy has rewarded companies like bain capital for gutting the nation's manufacturing core. republicans have cleared the way for companies to make massive profits by using cheaper labor in china. china's also got middle managers to run the factories. chinese workers have been trained in skilled positions for decades. those same skilled positions have nearly vanished here in the united states. and chinese labor is the reason apple can afford to train americans and pay...
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when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country. they were put into a segregated unit and fought on the bloody battlefields in europe. and came back the most decorated and exercised something that was very important. they did it for their family certainly, but for the greater good because they loved america. they sacrificed themselves and many many perished on those fields and that is the kind of situation we are faced with now and those republicans can't seem to get it. they are so bull headedly when theed to their philosophy. we need to raise taxes to meet the crisis. and they would rather plunge down that cliff and plunge us into anot
when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country....
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the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past, casual friday edition. another positive month of jobs numbers, another glum assessment by bah humbug boehner. he couldn't even be bothered to put on a holiday tie to take up the case of mr. scrooge and the top 2%. as nancy pelosi asked, why, oh, why is congress on another recess when they could be extending tax breaks for the middle class just in time for christmas? >> this is a moment of truth, the clock is ticking, christmas is coming, the goose is getting fat, why are you not bringing this to the floor? is this a forever, forever protection of the wealthiest
the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past, casual friday edition. another positive month...
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freeze u.s. aid to egypt. i mean, is now the time to really do that? >> it was about nine months ago and the last dictator and now with the new one he's performing like a dictator. what he's done, you know, he's working with hamas. this new rule in terms of trying to overtake the supreme court and the terms of the constitution, he has a lot of people in the street. so i'm not sure why you want to continue to give money to people that aren't friend ly to the u.. and israel, as a matter of fact, so, again, i introduced legislation today that put a freeze on aid to israel. i think the bigger picture, also -- >> egypt. >> i'm sorry, on egypt. >> your phone is ringing back at the office. >> by the way, we're also giving $52 billion to aid in the world. >> but without them, we wouldn't have stopped the gaza fight without egypt, and without being such a huge aid giver to egypt, we wouldn't have had that influence. so how do you balance that? >> i think he's provided some leadership but the fact of the matter is this overreach in terms of the courts and everyt
freeze u.s. aid to egypt. i mean, is now the time to really do that? >> it was about nine months ago and the last dictator and now with the new one he's performing like a dictator. what he's done, you know, he's working with hamas. this new rule in terms of trying to overtake the supreme court and the terms of the constitution, he has a lot of people in the street. so i'm not sure why you want to continue to give money to people that aren't friend ly to the u.. and israel, as a matter of...